Crypto news

Bitcoin is picking up speed. After several months of traveling through the doldrums, the world’s number one digital currency by market cap appears to be moving back up the financial ladder once again. The currency is presently trading for just over $50,000 per unit, meaning it has gained approximately $5,000 over just the past few days alone. Bitcoin Is Moving Back Up Bitcoin has been going through a hard time as of late. The asset – which spiked to a new all-time high...

ETH/USD – Will the 20-day MA Hold? Key Support Levels: $3150, $3080, $3000, $2960. Key Resistance Levels: $3190, $3350, $3400. Despite ETH is up by a solid 47% over the past month and 6% weekly (according to CoinGecko), it failed in breaching the critical resistance at $3350. The latter resistance is provided by a bearish .618 Fib Retracement level, and it prevented the market from pushing higher in mid-August. After the previous failed attempt, ETH retraced into the 20-day...

[PRESS RELEASE – Zurich, Switzerland, 25th August 2021] ENTER Art Fair 2021 is Scandinavia’s most important international art event. As global attention has recently shifted to digital art, or NFTs, the organizers want to incorporate that technology into this year’s event. With the help of IT technology company Texans and the first Nordic marketplace for NFT art SpaceSeven, that vision will become a reality. For Space Seven, this is a significant ordeal. The Nordic’s first...

[PRESS RELEASE – Vancouver, Canada, 25th August 2021] In light of recent news stories, Netcoins.ca (Netcoins), has renewed its efforts to provide the most secure cryptocurrency transactions. Multiple news stories, including this Newsweek article, tell the story of the theft of over $600 Million in cryptocurrency. In response, Netcoins will be working with its partners, BitRank & QLUE, to make sure their customers are safe using the latest in blockchain analytic and...

The UK Financial Conduct Authority has settled all of its issues with the world’s largest cryptocurrency exchange – Binance. The regulator published an update on August 25th to clear the company’s name two months after imposing restrictions on some of its operations. Back in late June this year, the FCA issued a warning shot against the exchange, saying that Binance Markets Limited “is not permitted to undertake any regulated activity in the UK.” The watchdog further asserted...

XRP/USD – XRP Breaking Down the Ascending Channel. Key Support Levels: $1.10, $1.00, $0.92. Key Resistance Levels: $1.25, $1.28, $1.36. Following the market’s heavy correction, XRP dropped a sharp 8% over the past 24 hours as it fell from the Feb 2018 highs of $1.25 towards the current $1.14 level. The cryptocurrency was trading inside an ascending price channel since the start of August and struggled to break previous resistance at $1.28 (bearish .618 Fib) over the past...

Singapore-based cryptocurrency exchange, Bybit, has increased its foray into the esports space by entering into a three-year partnership with Russia’s most prestigious esports club, Virtus.pro (VP). Bybit Becomes VP’s Official Partner According to a Wednesday press release shared with CryptoPotato, Bybit is now Virtus.Pro’s NFT Partner and exclusive Official Cryptocurrency Platform Partner, backing its formidable DOTA 2 and CS: GO teams. VP is currently one of the most...

Tron price started a fresh decline from the $0.0960 zone against the US Dollar. TRX price is now trading below $0.0880 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $0.0880 on the 4-hours chart (data feed via Bitfinex). The pair is likely to continue lower as long as it is below the $0.0880 and $0.0900 levels. TRON price is slowly moving lower below $0.0900 against the US Dollar, similar to bitcoin. TRX...

Bitcoin price gained pace and it cleared the $48,000 resistance against the US Dollar. The price is now trading above $47,000 and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $49,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair must stay above the $47,300 support level to continue higher in the near term. Bitcoin price is losing pace above $48,000 against the US Dollar. BTC is...

The crypto exchange Kraken does not want to lag behind in the race to dominate the global cryptocurrency market and is actively working on expanding beyond the United States. The first and also the most challenging destination is Europe. In an interview for the German news outlet Handelsblatt, Jesse Powell, CEO of Kraken, said that the exchange is in the process of getting a license to operate legally on the continent. Powell expects everything to be ready before the end of...